Brookshire Grocery is no longer for sale, according to a letter issued to employees. The Texas-based grocer had reportedly been seeking a buyer, but now simply wants to focus on the business at hand.
In October, the Texas-based grocer considered a sale valued at nearly $1 billion. The chain operates more than 150 stores under three banners—Brookshire's, Super 1 Foods and Fresh by Brookshire's. At the time, the company issued the following statement:
"We feel it is important for you to know that at this time we are currently evaluating potential strategic alternatives which may include a possible business combination. In connection therewith, it is our goal to preserve and strengthen the Brookshire Grocery business and heritage. However, we are still in the preliminary stages of considering any potential alternative, and we do not know at this stage whether any alternative will be agreed upon or completed."
The list of potential suitors included Albertsons and Texas-based H.E.B. Brookshire is privately held and details of the potential sale have not been announced.
Consolidation in the grocery industry continues apace, however. Also in October, Fresh Market went looking for a buyer; Fresh & Easy announced it was closing all its stores; and Kroger agreed to purchase Roundy's for $800 million.
-See this ABC News report
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